As far as newbie investors are concerned, penny stocks can often be the best option. Although a degree of risk tolerance is necessary, these stocks enable big positions for relatively low investments. However, diligent research is still imperative. Here is a look at four penny stocks that you could add to your watch lists at this point in time.
Northstar Gold Corp. (OTC:NSGCF) On August 30, the company announced that it had been successful in concluding the first tranche of its non-brokered private placement of units. Northstar Gold Corp. had previously announced the private placement. In the first tranche, the company offered as many as 3990000 units for the price of $219,450, and the figure surpassed the expectations of Northstar Gold to gross $200,000, which was announced on August 15.
In the news release yesterday, the company noted that since the announcement on August 15, it had received additional orders pertaining to the second tranche of the offering that would be conducted in the near future. In the first tranche, the company offered the units at $0.055 each, and each unit was made up of one common share in the firm in addition to a solitary share purchase warrant. A single warrant could be exchanged for a common share of Northstar Gold for the exercise price of C$0.075 up until a period of 24 months. The company revealed it had paid a finder’s fee to the tune of $385 related to the offering.
CCFNB Bancorp Inc. (OTC: CCFN) On Wednesday, the holding company of First Columbia & Trust Co. made a joint statement with the holding company of The Muncy Bank and Trust Company, Muncy Bank Financial Inc. In the joint statement, it was revealed that CCFNB Bancorp Inc. and Muncy Bank Financial had both received the necessary regulatory waivers and approvals with regard to their merger of equals. The waivers and approvals had been granted by the Federal Deposit Insurance Corporation, the Pennsylvania Department of Banking, and the Securities Federal Reserve Bank of Philadelphia.
The agreement and plan of merger had been agreed on on April 17, 2023, and they were amended on June 21, 2023. The transaction could only be completed once approval was granted by the shareholders of both companies. There would be other customary conditions that would need to be fulfilled. The companies expect the merger to be closed on or around November 11, 2023.
Golden Grail Technology Corp. (OTC: GOGY) Yesterday, the company announced that it had officially launched its new, redesigned website, www.goldengrailbeverages.com. In the news release, Golden Grail Technology Corp. noted that the new site would provide visually captivating portfolio pages, an investor hub, interesting blog posts, and an e-commerce section, which would be launched soon.
The company asserted that the modern design of the website would provide an experience that would be tailored to the needs and preferences of modern consumers. There would be detailed descriptions of products and eye-catching images.
Careview Communications Inc. (OTC: CRVW) The company is a leader in the supply of virtual care products to the healthcare industry. On Wednesday, Careview Communications Inc. announced that it had inked an agreement with the Baltimore VA Medical Center under its partnership with Decisive Point Consulting Group.
As per the terms of the agreement, Careview would install its predictive patient monitoring system. Decisive Point, which is a Small Business Administration-certified Service Disabled Veteran Owned Small Business (SDVOSB), goes into a contract directly with VA hospitals for the deployment of a range of Careview products. The predictive patient monitoring system from Careview uses advanced technologies like machine learning and artificial intelligence.
